Ed Ludlow

But we are looking at the structure of the deals.

Now, Netflix is looking to become Debtflix again.

Do you see what we did there?

After cutting back on debt during the pandemic, it's back to borrowing heavily to finance its planned acquisition for most of Warner Brothers' discovery, the caveat that they'd spin off the legacy network and cable lines.

The difference is that now Netflix has a stronger balance sheet.

Hot off the press, just hit the wire, Bloomberg's cross-asset reporter, Emily Grafeo, has the deep dive.

Debt is becoming so important generally across technology.

But in this case, with Netflix, it is a change of corporate policy in what is a potentially very big deal.

What are you reporting?

Bloomberg's Emily DeCrofeo.

It's a must read on the Bloomberg terminal.

Netflix to Netflix.

Check it out.

All right.

Let's bring in Laura Martin for more on this deal.

There is a lot more to discuss.

Laura's senior entertainment analyst at Needham & Co.

It's one of these situations where there's the Wall Street view on this deal, the structure of the deal, and then there's the, what does this mean for Hollywood?

And the reason I'm so excited to have you on the program is I think we could probably talk about both, but this is the first opportunity I've had to talk to you about two competing bids.

I set the stage for it on Netflix's offer, Cash and Stock, and Paramount's offer.